AMCAP Mortgage-North Houston Branch Reports Mortgage Rates Stay Stable

Individuals looking to buy a home may wish to do so now, making use of a USDA home loan to accomplish this goal, announces

The Washington Post reports experts predict mortgage rates to remain stable in the short term, leading many individuals to believe now is the time to buy. Before choosing a home loan, however, people need to consider the many options available to them. One option is a USDA mortgage, a program which allows a person to buy certain residences with no money down. Individuals need to determine the USDA eligibility requirements to see if this mortgage program is right for their needs.

"A home tends to be the most expensive purchase an individual makes in their lifetime, thus saving money wherever possible becomes necessary. There remains much uncertainty regarding the economy in the long run, therefore individuals need to decide whether they wish to buy now or hold off to see if rates go down. When a person decides now is the time to buy, AMCAP Mortgage-North Houston Brand can help, as we work with USDA home loans regularly," Gerry Nicodemus, spokesperson for the lender, announces.

Individuals who choose a USDA home loan find there are numerous other benefits associated with a loan of this type, other than the no down payment. There are no loan or sale price limits, a borrower can obtain up to 102 percent of the home value and there is no cash reserve requirement. Furthermore, the seller may contribute up to six percent, and the one time, two percent guarantee fee can be financed as part of the loan or paid using the seller's credit. The flexibility of this loan makes it the perfect choice for many borrowers.

"Consider a USDA loan for your next home purchase. You may find you can purchase more home than you previously believed with the help of this loan. Don't get in over your head, however. If you qualify for this type of loan, considering using the money you had set aside for a purchase to bring the amount financed down or use it to purchase items for the new residence. It's your money, and you know best where to use it. We are here to help you determine what option is best for you," Nicodemus continues.

For those who don't qualify for a USDA home loan, other options remain available. AMCAP Mortgage-North Houston Branch also provides conventional, FHA, VA loans and more. The goal is to help every borrower find the right mortgage for their unique needs.

"Every borrower is different, just as every home is different. Don't settle for less than your dream residence. We offer a wide range of mortgage programs, including the USDA home loan program, to help you obtain a home you love and can't wait to return to each day," Nicodemus states.

About AMCAP Mortgage-North Houston Branch:

A private Texas lender, AMCAP Mortgage offers a variety of home loan programs to meet the needs of all home buyers. Each borrower's situation is analyzed to determine the right mortgage for their unique needs, and the company is available to help clients at every stage of the home purchase process.

Contact Info:
Name: Gerry Nicodemus
Email: Send Email
Organization: AMCAP Mortgage - North Houston Branch
Phone: (281) 860-2533

Release ID: 182146